Putin Says Inflation Control to Slow Russia’s Growth but Avoid Recession
The Russian president acknowledged that anti-inflation measures will restrict economic expansion, while expressing confidence the country will not face a recession.
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Terms & Concepts
Inflation Control: Economic policies and measures taken by governments or central banks to manage the rate at which prices for goods and services rise.
Recession: A significant decline in economic activity across the economy lasting more than a few months, typically identified by falling GDP, income, and employment.